LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.014%

Price spread now: Derive against Kraken Futures−0.143%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Derive is 0.143% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LINKUSD	13.183	0.0364	pay 0.0046% / 1h	15m 57s	$6.9M	$8.0M	50x
Short	Derive LINK-PERP	13.164	0.0100	get 0.0013% / 1h	15m 57s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DerivebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$55.49
Price spread: −0.143% → 0.000%: −$14.32
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$85.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 3 min ago	1.52 bp	12.7 bp −$13	17.7 bp −$177	57.1 bp −$5,712	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]	L −0.0091% / S +0.0167%	1h	13.165	−0.142%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERP	0.0000%	8h	13.165	−0.142%	$469K	$2.2M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.165	−0.136%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.941%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.168	−0.120%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	13.164	−0.146%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.174	−0.072%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.200	+0.129%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.161	−0.165%	$404K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.172	−0.085%	$1.4M	$3.0M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	13.164	−0.143%	$276K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.175	−0.066%	$122.3M	$299.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.171	−0.093%	$84.9M	$70.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.174	−0.070%	$27.6M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.174	−0.070%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.169	−0.108%	$130.4M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.172	−0.085%	$37.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.178	−0.040%	$23.0M	$14.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.172	−0.085%	$54.6M	$30.2M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.171	−0.093%	—	$20.9M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.154	−0.218%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.155	−0.217%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.158	−0.189%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.158	−0.192%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.168	−0.116%	$82K	$69K	10x	as long as short
Derive LINK-PERPshort	+0.0100%	1h	13.164	−0.143%	$16K	$22K	10x
SunX LINK-USDT	+0.0100%	8h	13.172	−0.083%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.175	−0.063%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.152	−0.233%	$648K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.172	−0.084%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	−0.088%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.180	−0.025%	$1.0M	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0175%	1h	13.175	−0.059%	$782K	$211K	50x	as long as short
Backpack LINK_USDC_PERP	+0.0178%	1h	13.180	−0.025%	$365K	$364K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.141	−0.321%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSDlong	+0.0364%	1h	13.183	long leg	$6.9M	$8.0M	50x
Reya LINKRUSDPERP	+0.0382%	1h	13.161	−0.166%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0468%	1h	13.155	−0.211%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0555%	1h	13.187	+0.028%	$81.4M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.183	−0.002%	$20.4M	$11.6M	50x	as long as short